Paintings sold for hundreds of dollars can appreciate and be worth thousands and those purchased for thousands can eventually be worth much more. That said, the price of a piece isn’t what’s important but the connection you have with it.
That’s part of the reason why I sell some pieces for hundreds and others for thousands. Of course, time spent on a project somewhat dictates the price but I feel that everyone should have their fair shot at building their own fine art collection.
Speaking of fine art, I’ve got a new piece that I’ve just released. It’s the first piece on this page. This is a 20 x 24 oil on rolled canvas. It was a study done in the life class in the very free loose style.
Also, I came across something this morning I heard on the news and it got me thinking…
Some people take very good care of their artwork. Others, well, not so much. In fact, many may not even know how valuable some pieces may be.
Take for example the owner of this potentially $10M to $15M painting.
A gentleman who was set to move into an assisted living facility called up an appraisal company because he had a signed Kobe Bryant poster in his garage.
The appraisal company stumbled upon something worth much more than that poster. They found a Jackson Pollock painting worth millions. The owner had no idea that it was even valuable.
I guess the moral of the story is no matter how much you pay for artwork, there’s a chance that it’s worth far more than you realize.
Feel free to read about this finding here.